Blake Morrow’s Chart of The Day – September 2nd 2021
EURGBP
On August 25th the EURGBP was the Chart of the Day with a bull flag setting up. I was wrong about the setup, not about the price action. The market is breaking higher and testing stops above the .8600 level and a move towards the 200dma below the .8700 seems possible now. Instead of a bull flag pattern, it looks like a bullish pennant. Dips are shallow and being bought, which is a characteristic you want in a bullish move.
Blake Morrow
20210902
